Sixth Street Burnishes Portfolio With NBA’s Celtics, MLB’s Giants
Buying into two of sports’ preeminent franchises in one week probably wasn’t by design for Sixth Street, but the private equity firm has announced itself as a major…
private equity
49ers Exploring 10% Sale, Discuss Stake in Rangers FC
The San Francisco 49ers could be the next team to strike gold from private equity’s rush into the NFL. The team is exploring selling a roughly 10% stake, according to…
Exclusive
Big Ten Courts Private Equity Investment, Retains Evercore
The Big Ten Conference is taking preliminary bids from private equity firms despite past comments from commissioner Tony Petitti questioning the upside of involving…
Exclusive
Golf Course Manager KemperSports Seeking New Capital, Sale Discussed
KemperSports, the fifth-largest golf course management company in the country, has discussed the possibility of a sale to private equity and is seeking to raise fresh…
NFL’s First Private Equity Deals Approved for Bills, Dolphins
The NFL’s first two private equity investments were approved during the owners’ meeting near Dallas on Wednesday. It starts with two rivals in the AFC East. Arctos…
Players Health Gets $60M From Bluestone for Insurance Plans
Athlete insurance and risk management provider Players Heath has closed on a $60 million funding round led by Bluestone Equity Partners, the companies announced…
Exclusive
Florida State, Sixth Street Ended Investment Talks About a Year Ago
Florida State University and private equity giant Sixth Street mutually agreed to end talks about a possible investment into the athletic department about a year ago…
Blue Owl NBA Team Assets Hit $900 Million After 13% Q3 Gain
Private equity firm Blue Owl disclosed in a regulatory filing that its sports strategy assets under management ended the third quarter at $900 million—an increase of…
Patriots President Kraft Expects NFL ROI to Beat Stocks
In August, the NFL approved new ownership rules that allow private equity firms to buy passive minority stakes in franchises. The decision came after franchises…
Pickleball Team Owner Flips Medical Device Fortune to Sports Investing
Ron Saslow wasn’t necessarily looking to change careers. But when he finally listened to one of the many unbidden offers for his medical device business five years ago…
Velocity Lines Up Financing From Indonesia’s Richest Man, Texas Fund
In what’s been a challenging environment for private equity funds all year, sports-focused Velocity Capital Management has scored commitments from two deep-pocketed…
Coffey Talk: Marc Lasry on How a Team Buy Beats a Stock Purchase
On the latest episode of Coffey Talk, billionaire investor and former Milwaukee Bucks owner Marc Lasry talks about selling the Bucks, buying the North Carolina Courage…
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